10/20/2025
Citizens Advises Enovis Corporation on the Divestiture of Dr. Comfort to Promus Equity Partners
PROVIDENCE, RI – Citizens Capital Markets & Advisory announced today that it served as the exclusive financial advisor to Enovis™ Corporation (NYSE: ENOV) on the divestiture of its subsidiary Dr. Comfort to Promus Equity Partners.
Founded in 2002 and headquartered in Mequon, Wis., Dr. Comfort is a leading manufacturer and provider of quality orthopedic and diabetic shoes, prescription and non-prescription inserts, therapeutic comfort socks, slippers, sandals and compression hosiery.
“The Citizens team was a trusted advisor, providing invaluable support and a tailored, highly effective divestiture process. Their persistence, commitment to our management team and deep understanding of the Dr. Comfort business helped us achieve a great outcome for all parties,” said Dan Pryor, Executive Vice President of Strategy, Business Development and Information Technology of Enovis.
“Promus Equity Partners is thrilled to be partnering with the team at Dr. Comfort in its mission to make life easier for people living with diabetes and other conditions affecting the feet,” said Anders Rosenquist, Partner at Promus Equity Partners. “The Citizens M&A team did a great job managing the process to drive a successful outcome.”
“Dr. Comfort is the leading standard in diabetic and orthopedic footwear, with unmatched brand recognition and both clinician- and consumer-based loyalty. We look forward to seeing the company accelerate its next phase of growth with Promus Equity Partners,” said Alex Teeter, Managing Director at Citizens. “We appreciate Enovis placing their trust in us to advise Dr. Comfort on this important milestone and look forward to our continued partnership.”
Citizens Capital Markets & Advisory offers investment banking, research, sales and trading activities as part of our institutional broker-dealer, Citizens JMP Securities, LLC, a subsidiary of Citizens Financial Group (NYSE: CFG).
About Citizens Financial Group, Inc.
Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $222.7 billion in assets as of September 30, 2025. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. Citizens helps its customers reach their potential by listening to them and by understanding their needs in order to offer tailored advice, ideas and solutions. In Consumer Banking, Citizens provides an integrated experience that includes mobile and online banking, a full-service customer contact center and the convenience of approximately 3,100 ATMs and approximately 1,000 branches in 14 states and the District of Columbia. Consumer Banking products and services include a full range of banking, lending, savings, wealth management and small business offerings. In Commercial Banking, Citizens offers a broad complement of financial products and solutions, including lending and leasing, deposit and treasury management services, foreign exchange, interest rate and commodity risk management solutions, as well as loan syndication, corporate finance, merger and acquisition, and debt and equity capital markets capabilities. More information is available at www.citizensbank.com or visit us on X, LinkedIn or Facebook.
